Du Kunwei Understands The Relationship Between Bottoming Out And Long-Term Healthy Bull Market

Changes in the international environment, changes in domestic reform, and "tight credit" policy are good for the real economy, especially for improving profitability of listed companies. On the other hand, monetary easing is no longer the case. After the stock market experienced significant fluctuations in 2015, the "buffalo", "lever cattle" and "bubble ox" are hard to emerge.

The price of black commodities has already bottomed out, which is favorable for the upward trend of risk preference in the world, which is conducive to the uplink of China's stock market. However, it can not be deduced that China's stock market will soon enter a long-term healthy cow, but only in the short term, the Chinese stock market has bottomed out and there is a chance to rebound.

The stock market has bottomed up, and there is a medium and short term rebound opportunity. It does not mean that the stock market will enter healthy cows, especially in the long term healthy cattle. The bull market is easy. The healthy bull market is not easy, especially the long term healthy bull market. It is not easy for the Chinese market.

It is not impossible to get a short-term rally, but it is still very difficult to enter a healthy bull.

In the past decades of stock market development, it has always been skyrocketing and plunging, and a short bear is long.

The author thought it was unthinkable.

Because there is no healthy bull in China's stock market.

Monetary policy is not much related, but related to investor investment habits, market regulation, institutional strength cultivation, reduction system, IPO policy, company texture, valuation level and reduction system.

It is reasonable to say that such a company should have a zero turnover after the resumption of trading, but at least there is no deal. But investors always take the courage of moths to fight like fire and start large-scale intervention on the first stop board. There are three down limits in a row. They are traded tens of millions of dollars for three consecutive days. What does it mean? It shows that investors invest no value at all, do not look at the fundamentals of the company, nor care about the analysis made by the market organization.

In the atmosphere, we are only concerned about short-term gambling opportunities, rather than long-term shareholding to make profits. Can we have a long-term healthy bull? Some are just short term skyrocketing and plunging.

Some people may think that the author is extreme, and the views are not objective and impartial. This may be just a case, which can not explain the problem, but the trend of the withdrawal of the Bo Yuan is also the case. How should I explain? If anyone still doubts the author's view, then the author will take the new shares and the new shares. After the IPO is launched, no matter how the industry is, the quality of the material and how the theme will go, it will go straight to the 44% gain. After the N trading limit, it will experience a large amount of turnover.

New shares have become new shares, and speculators use the habit of buying new shares in the market again to start frantically hyping the new shares. The 30% increase in share price and the 50% increase in the number of shares are not surprising. If the overturn is expected to rise, then no one can predict how much the share price will increase. As long as the valuation level of new shares is higher than that of the same industry, the first venture is taken as an example. As a three line brokerage, its total market value is basically the same as that of the first line broker dealer.